Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: H James Morris who wrote (11904)	7/28/1998 2:26:00 AM
From: umbro	Read Replies (2) \| Respond to of 164684

When the elephants are fighting, stay out of the jungle. HJ, your note reminded me of that one-liner; good advice for sure. I think (I know) money can be made with The Beast, but only if you don't own a "position" too long -- its volatilty will prove both sides wrong. Also, the market is sucking premium out of the options on a daily basis, which makes it more frustrating for traders who take the correct position, but at the wrong (options) price. The best way to trade AMZN options is to try and pick off the day's extremes with limit orders, and to set reasonable targets. Let's say we're looking for (yet another) multi-point range day in AMZN, but want to buy the bounce; we look for a retest of the low on the Aug 130c's, and put in a limit order of say $6.25 (current ask is 10), and see if we can pick it off. Feeling bearish? Put in a buy order of $6.75 on the Aug 115p's. In both cases look for about a 2 point profit target (the actual range has been twice that). AMZN has been volatile enough that you can get filled on both sides and make money long/short -- trust me. :)

To: H James Morris who wrote (11904)	7/28/1998 2:34:00 AM
From: zax	Read Replies (1) \| Respond to of 164684

This 'Thing' is not about us little guy's trying to bears or bulls. Its about manipulation. Us little guys are lambs, or mutton being sent to the slaughter. Trust me Well, I shorted AMZN at 143 1/4... the tip top of its first peak. Its never closed above that. To give you a rough idea of my very low opinion of this company's business model, I have an open buy order to cover the short... at 5. Mabye whoever sees the open orders has a sense of humor, and will get a laugh :)